Decision details

Acquisition of Property 'R'

Decision Maker: Chief Executive, Chief Finance Officer

Decision status: Abandoned

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

To acquire a building which would bring in a steady income stream for the term of the lease. The income stream will assist in the future ongoing financial stability of the Council.
http://democracy.spelthorne.gov.uk/mgIssueHistoryHome.aspx?IId=6431

Decision:

The Chief Executive decided in consultation with the Chief Finance Officer, the Leader and the Cabinet Member for Finance not to proceed with the acquisition.

Alternative options considered:

Option 1 - Formally agree the conditional bid.
Option 2 - Formally agree not to submit a bid.

Publication date: 28/01/2019

Date of decision: 28/01/2019